Here's Why Horizon Global Shares Are Soaring Today [The Motley Fool]
Horizon Global Corporation Common Shares (HZN)
Last horizon global corporation common shares earnings: 3/16 06:30 am
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US:NYSE Investor Relations:
investors.horizonglobal.com
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Source: The Motley Fool
Shares pop after the company reports mixed second-quarter results. Is the move justified? Brian Feroldi ( TMFTypeoh ) Aug 7, 2018 at 11:52AM What happened Shares of Horizon Global ( NYSE:HZN ) , a leading provider of towing and trailering equipment, jumped 12% as of 10:40 a.m. EDT Tuesday. The big move comes in response to the release of mixed second-quarter results. So what Here's a review of the headline numbers from the quarter: Sales declined 8% to $233 million. The big reduction was mostly caused by a slower-than-expected ramp of the company's new distribution center in Edgerton, Kansas, which is part of the greater Kansas City area. Results were also weak in Europe. While disappointing, this figure was at the high end of management's guidance range that was announced in mid-July after the company expanded its credit facility by $50 mil
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